India Microfinance

International Finance Corporation planning to invest up to Rs 160 Crore in Bandhan

IFC is planning to invest US$ 35 Million in Kolkata-based Microfinance firm – Bandhan to fund its credit growth and expansion plans. Founded by Chandra Shekhar Ghosh, Bandhan Financial Services Private Limited (BFSPL) provides micro loans to women and families, small businesses, as well as cottage industries and other SMEs.

Reported earlier on dealcurry, Bandhan was planning to raise Rs.100 Cr for its expansion and had appointed Intellecap as an advisor for the same. Read more on Deal Curry and VCCircle.